[145 Pages Report] Operating room management includes software solutions that enable the smooth running of operating rooms and improve the productivity, efficiency, and quality of operating rooms. The global operating room management market is expected to reach USD 3.41 Billion by 2022 from USD 1.81 Billion in 2016, at a CAGR of 11.2% during forecast period (2017-2022).

The growth of the market can be attributed to the emphasis on cost control, efficiency improvement in ORs, redevelopment projects & funding to improve OR infrastructure, growing prevalence of diseases, and rising geriatric population

Objectives of the Study

To define, describe, and forecast the global market by solution, component, delivery mode, end user, and region

To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)

To profile the key players and comprehensively analyze their market shares and core competencies

To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements & collaborations, and approvals in the global market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global operating room management market and estimate the size of other dependent submarkets. Various secondary sources such as Healthcare Information and Management Systems Society (HIMSS), National Center for Biotechnology Information (NCBI), Association of periOperative Registered Nurses (AORN), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market. The breakdown of profiles of primaries is shown in the figure below:

The global operating room management (ORM) market accounted for USD 2.01 Billion in 2017 and is expected to grow at a CAGR of 11.2% to reach USD 3.4 Billion by 2022.

Emphasis on cost control, efficiency improvement in ORs, redevelopment projects & funding to improve OR infrastructure, growing prevalence of diseases, rising geriatric population, and the increasing demand for OR supply management software are factors driving the growth of this market.

Delivery mode is further classified into on-premise solutions, web-based solutions, and cloud-based solutions. The on-premise solutions segment is expected to account for largest share of the market in 2017. This delivery mode is preferred by end users owing to the advantages it offers such as the ability to reuse existing servers and easy implementation of backup and disaster recovery systems.

By component, the market is segmented into software and services. The software segment is expected to dominate the market in 2017. The large share of this segment can primarily be attributed to the growing installation of ORM software, coupled with the high cost of software and other associated costs such as licensing.

End-user segment of this market is further segmented into hospitals and ambulatory surgery centers. Hospitals are expected to hold the largest share of the global operating room management market. As hospitals comprise multiple operating rooms, the demand for ORM solutions is higher among these end users owing to the requirement of efficiently managing a large number of surgery cases and maintaining a record of different surgeons and their availability.

Geographically, the global operating room management market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). In 2016, North America dominated the market, and this is primarily attributed to increasing hospital expenditure, rising focus on activities to create awareness about operating room management, and the large number of operating room procedures in this region. APAC is expected to witness the highest CAGR during the forecast period, owing to the increasing need to curb healthcare costs, investments & reforms to modernize the healthcare system, improving IT infrastructure are driving the growth of market in the region.

The factors such as the high price and maintenance costs of ORM software and the dearth of skilled OR technicians restraints the growth of this market to a certain extent.